Global FPSO Market Anticipated to Grow at a CAGR of 16.2% During the Forecast Period of 2015 – 2021
The global fuel consumption has increased exponentially over the years, leading to a huge pressure on the production of oil and gas. By adopting floating, production, storage, and offloading (FPSO) units, this discrepancy can be controlled. The demand for oil and gas is expected to grow with increased investment in newly explored offshore oil and gas fields in deepwater and ultra-deepwater. Besides this, government policies to boost offshore oil and gas exploration have added to the growth of FPSOs across...
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